[ExitPurgamentum]

With all of this talk about a "bubble," many seem to lose sight of the fact that real estate is very different than the stock market;

Not really: an asset is an asset, and its value depends on beliefs about the stream of future benefits.

if values drop, you still own something of value as opposed to worthless stock

You seem to be completely misunderstand value and the mechanism of price formation.

More disturbingly, you believe that things have an intrinsic value. This is idea was introduced by Marx and has been discredited even by socialists. Does that bother you that you are in such company?

[wagglebee]

Are you trying to say that it was Marx who first introduced the idea that land has value, and by the same token are you saying that a value could exist in stock certificates of a defunct company?